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Increasing Seaborne Trade Across The Globe To Propel Port Equipment Market

The factors that are expected to fuel the growth of the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Various countries have been focusing on developing new ports owing to the increase in vessel count and trade volume. According to the International Chamber of Shipping, 90% of the world’s trade is carried out through seaways as they are ideal for heavy and bulk goods, have large carrying capabilities, and offer competitive freight costs. The global port equipment market size is expected to grow from USD 29.2 billion in 2018 to USD 36.6 million by 2023, at a CAGR of 3.30% during the forecast period. The major driving factors for the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Based on equipment type, the straddle carriers segment is estimated to lead the port equipm
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Vascular Graft Market Is Poised To Reach $5.40 billion by 2022

Revenue Growth

The global vascular graft market size was valued at USD 2.48 Billion in 2016 and is expected to reach USD 3.80 Billion by 2022, growing at a CAGR of 7.3% during the forecast period. Factors driving the growth of the vascular grafts market include rising demand for endovascular aneurysm repair procedures, increasing incidences of end-stage renal disorders, and growing geriatric population.




Based on raw material, the vascular grafts market is segmented into polyester grafts, ePTFE grafts, polyurethane grafts, and biosynthetic grafts. Polyester grafts segment is likely to dominate this market in 2017 and this segment is also estimated to register the highest CAGR during the forecast period.

Company Insights:

The vascular grafts market is consolidated in nature, with a few key players dominating a majority of the market share. The major players in this market are B. Braun (US), C. R. Bard (US), Cardinal Health (US), Cook Medical (US), Endologix (US), LeMaitre Vascular (US), Medtronic (Ireland), Maquet (Germany), Terumo (Japan), and Gore Medical (US).


Segmentation

Based on indication, the vascular grafts market is segmented into endovascular aneurysm repair, hemodialysis access, and peripheral vascular aneurysm. The endovascular aneurysm repair segment is expected to hold the largest market share in 2017 and grow at the highest growth rate during the study period. The high growth in this segment is attributed to the increasing demand for endovascular aneurysms repair procedures and increasing prevalence of risk factors that trigger aneurysms such as hypertension and obesity.
Based on end users, the vascular grafts market is segmented into hospitals and ASCs. The hospitals segment dominated the market in 2017 and is expected to grow at the highest CAGR during the forecast period. Factors such as the rising number of MIS procedures in hospitals and favorable Medicare coverage of vascular grafts in most developed countries are driving the growth of this end-user segment.

Key Region

The global vascular grafts market is segmented in North America, Europe, Asia Pacific and Rest of World. North America dominated the vascular grafts market in 2017, followed by Europe. North America is expected to maintain its dominant share of the global vascular grafts market during the forecast period.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. 

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